Bloomberg New Energy Finance has significantly increased its forecast for global deployment of behind-the-meter and grid-scale batteries from now to 2040. The research company sees Australia among nine markets that will be driving this trend, as the economic case for batteries becomes unstoppable.
Australia’s first community battery trial went live on Monday, after the 52 available spots had been snapped up by Mandurah households – three months ahead of schedule. The trial involves a bulk Tesla battery integrated into existing grid and owned and operated by Western Power and Synergy.
By 2021, solar will become one of the most dominant power sources over peak daytime periods, accounting for around a quarter of the National Electricity Market’s power, shows new analysis by Green Energy Markets. The report underlines that solar is currently reducing expensive demand peaks, and is not close to exceeding demand as certain media reports have suggested.
Origin Energy has won federal government funding for a feasibility assessment on plans to double the capacity of its Shoalhaven pumped hydro scheme in New South Wales and thus allow for greater storage of renewable energy.
The South Australian government has inaugurated its landmark $100 million Home Battery Scheme, which will subsidize the cost of buying a home energy storage system for up to 40,000 South Australian households. A nine-week priority period has been given to locally made battery systems, with Germany’s sonnen as the first provider to enjoy this benefit.
Melbourne-based energy tech startup GreenSync has officially launched the Decentralized Energy Exchange (deX), a digital marketplace for grid services provided by rooftop solar arrays, battery storage and EVs owned by Australian homes and businesses.
The 30 MW / 30 MWh Ballarat Battery Energy Storage System has been officially commissioned by the Victorian Labor government, as the first of the two grid-scale batteries that will provide support to the Victorian grid by the start of this summer.
The tipping point, where the world shifts from oil and gas to renewables, will be the year 2035, says Wood Mackenzie. This is when renewables and electric-based technologies converge, with around 20% of global power needs being met by solar or wind, and roughly 20% of miles traveled by cars, trucks, buses and bikes using electricity. Will the transition come soon enough, however?
For renewables to claim a more sizable share of the global energy mix, the adoption of energy storage would need to pick up pace and the rapidly increasing size of the EV fleet will offer a scalable way to ramp up such access, says Fitch Solutions.
After addressing grid connection challenges, the French renewables giant has launched construction on the 256.5 MWp Kiamal Solar Farm. It is now looking to add a second stage of up to 194 MWp, and is exploring commercial options for the approved 380 MWh of energy storage.
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